The UK’s property market demonstrates a sharp divide between the north and south, especially in terms of value and growth potential.

Towns in the North West and North East, such as Burnley and Hartlepool, consistently offer greater affordability and growth opportunities compared to southern regions like London and the South East.

North vs. South: Facts and Figures

• • North West: Average house prices of around £194,500 show strong demand and 2.3% growth over the last year.
  • North East: Known for affordability, towns like Hartlepool boast some of the lowest price-to-income ratios nationally
  • Affordability: Homes in the North West and North East are significantly cheaper, often costing £125,000 to £150,000 less than the national average.
  • Higher Growth Potential: Properties in these areas are deemed “fairly valued,” contrasting with southern regions, where prices are often 30% overvalued

Southern Challenges

The South faces stagnant growth due to high property prices and affordability constraints, with homes often requiring incomes 50% above the UK average to be affordable. These dynamics limit demand, contributing to slower recovery and investment potential